Glendale Community College » Accounting » Accounting 120 - Computerized Accounting Systems » Spring 2022

Question #1

Each year employees are sent Form ________ to summarize gross wages and tax withholdings for the year.

A. W-2

B. 1099

C. W-3

D. W-4

Question #2

A company is required to withhold payroll taxes for:

A. All of the choices are correct

B. Employees

C. Subcontractors

D. Vendors

Question #3

To turn on QuickBooks time tracking feature, the following steps must be completed:

A. Select QuickBooks Menu > Time Tracking

B. Select Employees > Payroll > Time Tracking

C. Select Employees > Payroll and Employees > Time Tracking

D. Select Edit > Preferences > Time and Expenses > Time Tracking

Question #4

The order of steps to process payroll is:

A. Enter Time > Pay Payroll Liabilities > Process Payroll Forms > Print Liabilities Report

B. Enter Time > Pay Employees > Process Payroll Forms > Print Payroll Report

C. Pay Employees > Process Payroll Forms > Pay Payroll Liabilities

D. Enter Time > Pay Employees > Pay Payroll Liabilities > Process Payroll Forms

Question #5

In QuickBooks, time data is listed on customer invoices using the:

A. Time/Costs button

B. Timesheet icon

C. Pay Employees button

D. Pay Sales Taxes icon

Question #6

Which one of the following is paid by both the employee and company?

A. Federal income taxes

B. State income taxes

C. FICA

D. All of the choices are correct